Fitch assigns Pivdennyi eurobond B-

Fitch Ratings said it assigned Standard Bank plc's $100 million 10¼% issue of limited recourse loan participation notes due August 2010 final ratings of long-term B- and recovery RR4.

The limited recourse notes will be used to finance a loan to Pivdennyi Bank, which is rated long-term issuer default B- with a stable outlook, short-term issuer default B, individual D/E and support 5. Its support rating floor is No Floor.

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